Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution bill

Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution bill

SeattlePI.com

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Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison. An appeals court has rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune. The Ninth Circuit Court of Appeals ruling Tuesday comes nearly three weeks after Holmes deployed a last-minute legal maneuver to delay the start of her 11-year prison sentence. The federal judge who imposed that sentence on Tuesday ordered to pay $452 million in restitution to the victims of her crimes The same judge will now a new prison reporting date for Holmes. The judge previously recommended she be imprisoned in Bryan, Texas.

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